Rather & Kittrell Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rather & Kittrell Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,491 shares of the e-commerce giant’s stock after selling 78 shares during the quarter. Rather & Kittrell Inc.’s holdings in Amazon.com were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth about $46,000. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. purchased a new stake in Amazon.com during the 1st quarter valued at approximately $65,000. Finally, Advantage Trust Co purchased a new position in Amazon.com during the 4th quarter worth $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $191.60 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The firm has a 50-day moving average of $178.54 and a two-hundred day moving average of $182.10. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Evercore ISI boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.